The Central Bank of Sri Lanka (CBSL) purchased $ 461 million from the domestic foreign exchange market in February, according to the latest data released by the Central Bank.

The report further noted that the Central Bank did not sell any US Dollars during the month, indicating continued efforts to accumulate foreign reserves.

In January, the CBSL purchased $ 209.8 million from the domestic forex market while selling $ 9.5 million, resulting in a net purchase of $ 200.3 million for the month.

As a result, during the first two months of this year, the Central Bank has net purchased $ 661.3 million from the domestic foreign exchange market.

With these purchases, Sri Lanka’s official reserve assets increased to $ 7.28 billion by the end of February.

This marks the first time since August 2020 that the country’s official reserves have exceeded the $ 7 billion mark.